Mercurity Fintech Holding Inc. (MFH) has obtained a $200 million equity credit line from Solana Ventures to enhance its treasury operations with a strategic focus on Solana ecosystem assets. The Nasdaq-listed company will deploy these funds to acquire and stake SOL tokens, aiming to optimize treasury management through blockchain-native yield generation and diversification.
MFH Chief Strategy Officer Wilfred Daye highlighted Solana’s high throughput, low latency, and regulatory progress as catalytic factors driving institutional adoption. The announcement triggered immediate market momentum: SOL’s price rose 5.46% to $191.70 while daily trading volume surged nearly 70% to $8.69 billion. This initiative aligns with accelerating institutional interest in Solana, exemplified by DeFi Development Corp’s $100 million SOL allocation and ReserveOne’s $1 billion crypto treasury strategy.
Collectively, these developments underscore a paradigm shift in corporate treasury strategies, positioning blockchain-native digital assets like SOL as fundamental components of institutional financial frameworks.